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New Crypto Coin Internet Computer (ICP) Crypto Future

New Crypto Coin Internet Computer (ICP)
Internet Computer (ICP) New Coins

New Crypto Coin Internet Computer (ICP)

Internet Computer just recently launched to the public in May 2021. Unlike SafeMoon, Shiba Inu and other new cryptocurrencies in 2021, Internet Computer has been in development for several years by some of the greatest minds in cryptography.

Also Read Article – Shiba Inu New Crypto Coin : All You Need to Know Shib Coin Crypto Future

Internet Computer (ICP) New Crypto Coin

  • What is the Internet Computer (ICP)?
  • Who Is The Founder of the Internet Computer?
  • What is the DFINITY Foundation?
  • What Makes the Internet Computer Unique Future?
  • Who Runs the Nodes in the Internet Computer Network?
  • How Fast is the Internet Computer Network?
  • What Does the ICP Token Do?
  • What Do Cycles Do?
  • What Do Neurons Do?
  • Who Are the Natural Buyers for ICP Tokens?
  • ICP Token Supply and Tokenomics?
  • How Does the Internet Computer Network Nervous System Work for Voting?
  • Who Might List the Internet Computer?
  • What Are The Prominent Projects In The Internet Ecosystem?
  • ICP New Crypto coins Price Live Data
  • Buy Internet Computer (ICP) New Crypto Coins Online

New Crypto Coin Internet Computer (ICP) Cryptocurrency

What is the Internet Computer (ICP Token)?

Internet Computer is the world’s first blockchain to run at the speed of the web with unlimited capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum: a blockchain computer that scales computing and smart contract data, executes it at the speed of the web, processes and stores data efficiently, and provides powerful frameworks of software to developers.

By making this possible, the Internet Computer enables the complete reinvention of software, providing a revolutionary new way to create tokenized Internet services, pan-industrial platforms, decentralized financial systems, and even traditional enterprise systems and websites.

The project was founded in October 2016 by Dominic Williams and attracted notable interest from the crypto community. DFINITY raised a total of $ 121 million from contributors including Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable Ethereum supporters. In 2018, more than 50,000 registered participants received ICP utility tokens in an airdrop.

On December 18, 2020, DFINITY launched the Internet computer alpha mainnet. In a final step towards decentralization, on May 10, 2021, DFINITY released the Internet Computer into the public domain. This important milestone means that the Internet now functions as a decentralized global computer, marked by the release of all Internet computer source code into the public domain, as well as the ICP utility token that enables tens of thousands of community members rule the internet computer network

Who Is The Founder of the Internet Computer (ICP Crypto Token)?

Dominic Williams is the founder and chief scientist of DFINITY. He is a crypto theorist, responsible for the invention of Threshold Relay, Probabilistic Slot Consensus, and other novel cryptography techniques, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities.

Previously, he was President and CTO of String Labs, an incubator for enterprise-backed crypto projects, a pioneer of DeFi at Mirror Labs, and founder and CEO of Fight My Monster, a children’s MMO game that reached millions of users. He also founded several startups such as System7, Airdocs, and Smartdrivez. He graduated from King’s College London first in Computer Science.

What is the DFINITY Foundation?

The Internet Computer was incubated and launched by the DFINITY Foundation, a non-profit scientific research organization based in Zurich, Switzerland, made up of the world’s best cryptographers and experts in distributed systems and programming languages, with almost 100,000 academic citations. and 200 patents altogether.

Notable technologists at DFINITY include:

* Jan Camenisch, PhD (Vice President of Research) – World-renowned cryptographer and privacy researcher, led IBM’s cryptography / research department for 19 years

* Andreas Rossberg, PhD (Principal Engineer and Researcher): Co-creator of WebAssembly and former Google Chrome V8 Engine Team Leader

* Ben Lynn, PhD (Senior Researcher and Engineer) – World-renowned cryptographer and Google engineer, the “L” in BLS cryptography, the key signing system used in Ethereum 2.0

* Jens Groth, PhD (Principal Investigator): World-renowned cryptographer known for pioneering non-interactive zero-knowledge proofs

* Timo Hanke, PhD (Principal Investigator) – creator of AsicBoost, one of the few proven algorithmic optimizations for Bitcoin mining

* Paul Liu, PhD (Plant Engineer) – Designed Intel’s Haskell Compiler and received his PhD with Paul Hudak, a key Haskell designer

* Johan Georg Granström, PhD (Director of Engineering) – former Google senior software engineer responsible for scaling the YouTube system infrastructure After the public launch on May 10, 2021, the DFINITY Foundation will now be one of many committed organizations with improving and maintaining the Internet computer network.

What Makes the Internet Computer Crypto Unique Future?

The purpose of the Internet computer is to extend the public Internet, so it can also be the world’s computing platform. Today, the Internet is a network that connects everyone and everything, but systems and services currently run from a private infrastructure. The scientific advancement behind the Internet computer is Chain Key technology, encompassing dozens of advanced technology, such as the new consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet identity, etc.

Chain Key technology consists of a set of cryptographic protocols that orchestrate the nodes that make up the Internet computer. It is one of the fundamental advancements behind the Internet computer, allowing you to have a single public key. This is a great advantage because it allows any device, including smart watches and mobile phones, to verify the authenticity of Internet computer artifacts. In contrast, this is not possible for traditional blockchains.

The unique public key is just the tip of the iceberg: Chain Key technology is the engine that powers the Internet computer and makes its operation possible. It allows adding new nodes to form new subnets to scale the network infinitely; replace faulty or blocked nodes with new ones without ever stopping; revive subnets even if too many nodes within failed; and updating the Internet Computer Protocol seamlessly, allowing the network to fix bugs and add new features.

The DFINITY R&D team has invented a new non-interactive key exchange protocol. Each of the old signers only needs to convey a single message to the new signers. To ensure this is done securely, many advanced cryptography concepts are used, including encryption with direct confidentiality and non-interactive zero-knowledge proofs.

Because it is not interactive, the way the key exchange protocol operates is ideal for an asynchronous environment, and the benefits include key preservation. Throughout the lifetime of a subnet, it is known by a single public key, and the other parts of the Internet computer do not have to keep track of changing public keys.

Who Runs the Nodes in the Internet Computer Network?

At Genesis, on May 10, 2021, the Internet Computer supports 48 independent data centers, located in North America, Europe, and Asia, running 1,300 nodes. The network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes scheduled by the end of the year and eventually thousands of data centers running millions of nodes to support a decade-long build. the open internet.

Importantly, anyone can become a Node Provider, stakeholders apply for a Data Center ID (DCID) for the Network Nervous System (NNS), acquire specialized machine nodes, install the ICP protocol, and connect. to the Internet computer network.

How Fast is the Internet Computer Network?

The scientific advancement called Chain Key Technology enables the Internet computer to run at the speed of the web, where query calls run in milliseconds and update calls take 1-2 seconds to complete. More importantly, in Genesis, the Internet computer will have a blocking rate of 2.5 blocks per second (bps), then rapidly to an industry leading 10.3 bps and ~ 1,000 bps by the end of the year.

In the case of an open version of Reddit running on the Internet computer, when a user browses the forum, custom views of the hosted content would be formulated and served in their web browser by executing query calls, which are they run in milliseconds on a nearby node, providing a great user experience. But when a user wants to make a post occasionally, or provide a token suggestion to the author of a post, this would involve refresh calls, which would take 1-2 seconds.

What Does the ICP New crypto Token Do?

ICPs are native utility tokens that perform three key functions on the network:

Facilitate network governance: ICP tokens can be locked to create neurons that participate in network governance through voting, through which they can obtain financial rewards.

Cycle Production for Computing: ICP provides a source of value storage that can be converted into cycles; what power calculation on the role of fuel that burns when it is used. The NNS converts ICP into cycles at a variable rate, so it is chosen to ensure that network users can always create new cycles at a roughly constant cost in real terms, so that the cost of fuel acquisition is predictable.

Reward Participants – The network coins a new ICP to reward and incentivize those who play important roles that enable the network to function, including:

  • a) granting voting rewards to those involved in governance,
  • b) the provision of voting rewards; to those who operate the node machines that host the network, and
  • c) other miscellaneous activities.

What Do Cycles Do?

Power calculation cycles as a function of fuel. They also have a constant long-term value, which is in contrast to the ICP, whose value will naturally vary over time. In addition, the cycles will be linked to the SDR, which is a logical monetary unit defined by the International Monetary Fund, and the value of 1 SDR in ICP can be converted into exactly one trillion cycles to power the calculation.

What Do Neurons Do?

A neuron blocks a balance of ICP utility tokens and allows their owner to participate in the governance of the network, through which they can earn voting rewards.

Who Are the Natural Buyers for ICP New Crypto Tokens?

  • Token holders who want to participate in the governance of the network and earn voting rewards
  • Developers who need to convert ICP tokens into cycles to pay for the calculation

ICP Crypto Token Supply and Tokenomics?

There will be 469,213,710 ICP tokens on Genesis. The circulating supply depends on the dynamics of the market. However, it is close to 26% on Genesis. Genesis Initial State Token Allocations

  • Early contributors: 9.50%
  • Seed donations: 24.72%
  • Strategic: 7.00%
  • Presale: 4.96%
  • Strategic partnerships: 3.79%
  • Community airdrop: 0.80%
  • Initial community and developer grants: 0.48%
  • Node operators: 0.22%
  • Internet Computer Association: 4.26%
  • Team members: 18.00%
  • Advisors and other third-party token holders: 2.40%
  • DFINITY Foundation: 23.86%

How Does the Internet Computer Network Nervous System Work for Voting?

The NNS works by receiving proposals and deciding to adopt or reject them based on the voting activity of the neurons; created by the network participants. Participants also use neurons to present new proposals. After presentation, proposals are either adopted or rejected, which can happen almost immediately or after some delay, depending on how all the neurons vote.

Who Might List the Internet Computer New Crypto coin?

Coinbase, Huobi, and OKEx have announced that they will include Internet Computer Utility Tokens (ICP) when Internet Computer launches on May 10 at 9 a.m. M. PT / May 11 at 12 a.m. M., China time.

What Are The Prominent Projects In The Internet Ecosystem?

Internet Computer was launched with several high profile entrepreneurs and applications being built on it. These include:

DeFi

Enso Finance: decentralized exchange that has raised $ 5 million
Tacen: a high-yield non-custodial exchange that has raised $ 2.5 million
SailFish: a gateway to open financial services

Social

Distrikt: a professional and decentralized social network. It is the Open LinkedIn application presented by DFINITY in Davos at WEF 2020 that is now being brought to market
OpenChat – An open version of your standard chat app that is not owned by a large tech corporation
CanCan – An Open Version of TikTok Showing the Scalability and Power of the Internet Computer
Capsule – A decentralized social media platform that is safe from censorship that has raised $ 1.5 million.

Infrastructure

Fleek – Allows easy creation of open websites and applications. 14,000 websites already run pan-industrial platforms
Origyn: a pan-industrial platform for tracking the provenance of luxury goods, starting with luxury watches

ICP New Crypto coins Price Live Data

The price of Internet Computer live today is $ 43.78 USD with a 24-hour trading volume of $ 561,692,536 USD. Internet Computer has risen 1.01% in the last 24 hours. CoinMarketCap’s current ranking is 21st, with a live market capitalization of $ 5,993,976,764 USD. It has a circulating quantity of 136,899,214 ICP coins and a max. supply of 469,213,710 ICP New Crypto coins.

Source – CoinMarketCap, Live Price Data was taken on 26 July 2021

Buy Internet Computer (ICP) Crypto New Coins Online

Also Read Article – ADA Cryptocoin – The Future of Cardano (ADA) coins

If you would like to know where to buy Internet Computer, the top exchanges for trading in Internet Computer are currently Binance, OKEx, Huobi Global, Bitget, and Bingbon. 

Disclaimer

The information on this website is not intended to be financial, business, investment or other advice, and you should not consider the Article of the website as such. ArticleMaster.xyz does not recommend that you buy, sell or hold any cryptocurrency.

Internet Computer (ICP) New Crypto Coin Future

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